RE: Buybacks from Oateys post last night28 Jan 2023 08:17
Having debt in our possition is a good thing, i dont agree with the situaton but it is what it is. While too much debt is bad if you are a profitable company debt interest is tax deductable, it also means a hostile take over would mean the "buyer" having to buy all the shares AND fund the debt and because most of the profit is used for divi and not trying too hard to reduce the debt ( more a case of manage it ) The divi raises the sp ergo making hostiles all but impossible.
Switch from divi to debt reduction and you drop the sp AND the debt making takeover/hostile or otherwise a possibility to those with deep pockets, who buy the way would then load the comapny with debt lol Welcome to modern black rock infested bussiness practice... gla